Introduction

Joseph Shaanan

Chapter Chapter 1 in Economic Freedom and the American Dream, 2010, pp 1-9 from Palgrave Macmillan

Abstract: Abstract Economic freedom is the distinguishing feature of the United States to millions around the world. Democracy, liberty, freedom of speech, and the separation of church and state all characterize the United States. However, it is primarily economic freedom that defines America. The present book Economic Freedom and the American Dream (EFAD) explores the overwhelming effect of freedom to profit on America; so powerful is the effect that it shapes nearly all aspects of American life, including politics, media, culture, and, of course, the economy. The benefits include a general level of affluence and opportunities for attaining the American dream, especially for the well educated, entrepreneurially gifted, and well organized. However, unrestricted economic freedom also inflicts a heavy toll on democracy, economic efficiency, and, paradoxically, economic freedom itself.

Keywords: Free Market; Economic Freedom; Large Corporation; Free Market Economy; Profit Motive (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10223-1_1

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DOI: 10.1057/9780230102231_1

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